ANDERSON ERIK J 4

What Happened Erik J. Anderson, a director of Callaway Golf Co. (CALY), sold a total of 100,000 shares in open-market transactions on May 11–12, 2026, for aggregate proceeds of approximately $1,677,500. The sales were: 25,000 shares @ $16.29 (≈ $407,125), 50,000 shares @ $17.54 (≈ $877,000), and 25,000 shares @ $15.73 (≈ $393,375). These were outright sales (code S) — routine disposition of stock rather than a purchase or option exercise.

Key Details

• Transaction dates and prices:
  • 2026-05-11: 25,000 shares @ $16.29 = $407,125
  • 2026-05-11: 50,000 shares @ $17.54 = $877,000
  • 2026-05-12: 25,000 shares @ $15.73 = $393,375
• Total shares sold: 100,000; total proceeds: ~$1.68 million.
• Shares owned after transaction: Not disclosed in the Form 4 provided.
• Footnote: The filing notes Anderson is sole member/manager of WestRiver Management LLC and sole manager of Anderson Family Investments, LLC; he may be deemed to beneficially own securities held by those entities but disclaims ownership except for any pecuniary interest (see footnote F1).
• Filing timeliness: The Form 4 was filed on 2026-05-19 for transactions on May 11–12 — this appears to be late relative to the typical two-business-day filing requirement (transactionTimeliness = 'L').

Context

• These were open-market sales by a company director, which are commonly routine and do not necessarily signal a change in company outlook. No option exercises, gifts, or 10b5-1 plan were indicated in the filing.
• Retail investors should note the late filing reduces timely transparency but the transaction itself was a straightforward sale disclosed on the Form 4.